by Steve deGuzman | Feb 15, 2020 | BLOG
MORE PROFESSIONAL STUFF My name is Steve “Guz-E” deGuzman. Many of you may know me from my Hooters days. I consider myself the Hooters Historian. What can I say? I started at Hooters when there were 4 restaurants in the world. And that was long, long...
by Steve deGuzman | Dec 31, 2019 | BLOG
Borrowing from a 401k, 403b or the cash value of life insurance policy is a common financial strategy. While taxpayers are not allowed borrow from either a traditional or Roth IRA, they can withdraw funds before age 59 ½ for specific purposes like a first home...
by Steve deGuzman | Dec 24, 2019 | BLOG
The largest expenditure a buyer has when purchasing a home is the down payment which can range from zero for veterans or 3.5%, 5%, 10% and 20%. With mortgages come closing costs which can be another 2-4% and must be paid at settlement in cash. Most mortgages require...
by Steve deGuzman | Dec 17, 2019 | BLOG
Even if Benjamin Franklin never actually used the expression “a penny saved is a penny earned”, the reality is that it has been a sentiment for frugality for centuries. He did say: “Beware of little expenses; a small leak will sink a great...
by Steve deGuzman | Dec 10, 2019 | BLOG
Looking for an investment that will turn $10,000 into $80,000 in seven years? Sound too good to be true? What if I told you that you could live in it every day during that seven years? Would that sound even better? A $300,000 home purchased today on an FHA loan would...
by Steve deGuzman | Dec 3, 2019 | BLOG
Mortgage interest paid on your principal residence is deductible today as it was in 1913 when 16th amendment allowed personal income tax. The 2017 Tax Cut and Jobs Act reduced the maximum amount of acquisition debt from $1,000,000 to $750,000. Acquisition debt is the...
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